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Clariant International Ltd and Wilmar International Limited have received the relevant merger clearances for the establishment of their 50-50 joint venture called “the global amines company.” The company will be the global platform for production and sales of fatty amines and selected amines derivatives. The joint venture, already in operation, will be headquartered in Singapore with global sales, distribution and production affiliates to serve, among other industries and markets, the personal care industry.
The venture has its own production capacities for amines in Germany and China, contributed by Clariant and Wilmar respectively, as well as access to amines capacities in Brazil and Mexico. For amine derivatives, the global amines company has access to approximately a dozen global Clariant multi-purpose plants.
“The combination of Wilmar’s integrated agribusiness model based on renewable materials and its strong position in oleochemicals with Clariant’s technical experience and market presence in the downstream amines and derivative sector will position the global amines company as the first fully integrated and competitive player along the value chain of amines,” states Stephan Lynen, general manager of the global amines venture.
The company states that, leveraging on a combined track record of technical and commercial reliability, both partners are dedicated to position the global amines company as a new leading player in the amines and amine derivatives market.